Overview
What is The Assumption Foundation?
The Assumption Foundation is a charitable organization situated in San Leandro, California, with an address at 1100 FULTON AVENUE. Their primary mission is to support Assumption School and the surrounding parish community. They accomplish this by distributing funds for various purposes, such as providing tuition assistance, maintaining the school, and offering emergency aid to disaster victims within the school and parish, as needed. The foundation's activities are all aimed at furthering its charitable programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating reflects the organization's performance in Accountability & Finance, which is the sole measure assessed. Despite the overall score being on the lower end, the foundation demonstrates strong governance practices, as evidenced by a fully independent board and no material diversion of assets.
The Assumption Foundation excels in several key areas, scoring full points for having a majority of independent board members and documenting board meeting minutes. The organization maintains a favorable liabilities to assets ratio at 0.00%, indicating strong financial health. Additionally, a substantial program expense ratio of 82.43% suggests that a significant portion of funds is directed toward its programs rather than administrative costs.
However, the overall Two-Star rating indicates that there may be areas for improvement in financial accountability or transparency, as the score is entirely based on the Accountability & Finance beacon. This rating serves as a reminder for potential donors to consider both the strengths and limitations when assessing the foundation's operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Assumption Foundation legitimate?
The Assumption Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Assumption Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Assumption Foundation?
The Assumption Foundation's mission is centered around supporting the Assumption School and its surrounding community. Specifically, the foundation aims to provide financial assistance for tuition, maintain the school's infrastructure, and offer emergency funds for disaster victims within the school and parish community. The foundation's charitable disbursements primarily benefit the Assumption School, contributing to tuition assistance, school maintenance, and emergency funds in times of disaster.
What is the revenue of The Assumption Foundation?
The Assumption Foundation's revenue in 2023 was $38,514.
Who are the executives of The Assumption Foundation and what are their salaries?
There 8 volunteers at The Assumption Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Assumption Foundation?
The Assumption Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Assumption Foundation
The Assumption Foundation, a charitable organization, is dedicated to supporting the Assumption School and its surrounding community. Its primary mission is to provide financial assistance for various needs within the school and parish. This includes funding for tuition assistance, ensuring the school's maintenance, and setting aside emergency funds for disaster victims within the school and community. The foundation's charitable disbursements are directed towards these initiatives, aiming to contribute positively to the educational and supportive services offered by the Assumption School.
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Impact
August, 2024
The Assumption Foundation's impact is significant in supporting Assumption School and the parish community in San Leandro, CA. The foundation focuses on providing funds for tuition assistance, school maintenance, and emergency aid for disaster victims within the school and parish. This support helps ensure that students have access to quality education, the school remains in good condition, and community members in need receive critical assistance during crises. The foundation's efforts have a direct and tangible impact on the educational opportunities and well-being of those within the Assumption School and parish community.
This information is meant to be a general summary of The Assumption Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $46,587
- Gross Receipts: $194,670
Assets and Liabilities:
- Total Assets: $940,219
- Total Liabilities: $0
- Net Assets: $940,219
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Organization Details
Founding Year
1984
Principal Officer
Erica Marr
NTEE Category
Code: B24I - Education
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